Allspring Utilities & High Income Fund

ERH

Market cap $113M

CHARLOTTE, N.C. , Oct. 8, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE America: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunities Fund (NYSE: EOD) announced today that Chris Lee, CFA, senior portfolio manager on Allspring Global Investments' Plus Fixed Income team will be removed as a portfolio manager from the funds as detailed in the table below.

CHARLOTTE, N.C. , Sept. 26, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

ERH offers a compelling 8.2% yield and monthly payouts, making it attractive for income-focused investors seeking stability amid market volatility. The fund trades at a 6.94% discount to NAV, below its five-year average, presenting a favorable entry point for accumulation. While ERH underperforms pure Utilities ETFs in capital appreciation, its consistent distributions and potential rate cuts support my buy rating.

CHARLOTTE, N.C. , Aug. 19, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

CHARLOTTE, N.C. , July 25, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

CHARLOTTE, N.C. , June 27, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

ERH offers a compelling blend of high income and inflation protection by allocating 70% to utility equities and 30% to junk bonds. Utility stocks provide stability and inflation hedging, while junk bonds boost yield, resulting in an attractive 8.48% current yield. The fund has outperformed the S&P 500 and its peers recently, fully covering its distributions and demonstrating resilience during market volatility.

CHARLOTTE, N.C. , April 25, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

The Allspring Utilities and High Income Fund aims for high income and moderate capital growth, focusing on tax-advantaged dividend income. ERH allocates roughly 70% of its capital to utilities stocks and 30% to high-yield debt. Historically, ERH has experienced high levels of volatility, while delivering weak returns compared to passive investment options.

CHARLOTTE, N.C. , March 28, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.